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by Economic Research Council
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A study of the creation of credit & its effect on the British Economy. 'The procedure envisaged is that the Treasury should issue Treasury 'credits' to the Bank of England, which would then hold these against the issue of notes, which it would control as it does now, and also against the issue of credit, which would be controlled by the Treasury through the number of Treasury credits issued. The Treasury credits themselves could be in the form of actual notes or bearer bonds of, say,...
Topics: Bank of England, Bradbury Pound, credits, Economic Research Council, Government Debt, National...